Section 230
Creditor includes all creditors, like secured, unsecured?
Sanctions of creditor in majority numbers represanting 3/4 in value.
So about which creditor talks. Secured, unsecured or both?
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compromise and arrangements
Replies (2)
class meeting is for each class of creditors i.e secured and unsecured are different classes
ex secured creditor (loan providers , banks , PFI )
unsecured (suppliers, raw material providers etc. )
ex secured creditor (loan providers , banks , PFI )
unsecured (suppliers, raw material providers etc. )
Yes both are creditors. Law says Creditor and class of creditor. Both should be considered separately.
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